Baring Private Equity Asia $700 million acquisition of 30.6% stake in NIIT Technologies

7/4/2019

Public acquisition

Dollar value:

$ 700 million

Status:

Completed

Date:

7/4/2019

Overview:

Private equity group Baring Private Equity has acquired a 30.6% stake in IT services firm NIIT Technologies from NIIT and its founders for $700 million.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:

JSA

Party: Baring Private Equity Asia (Acquirer)

Lawyers: Anand Lakra, Anish Mashruwala, Utsav Johri

Shardul Amarchand Mangaldas & Co

Party: NIIT (Seller)

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